Institutional Investors Buying 10 Percent of all iBuyer Homes in U.S.
December 04, 2018 / Monsef Rachid
According to ATTOM Data Solutions, nearly one in 10 U.S. homes sold so far in 2018 by the nation's two leading iBuyers Open door and Offerpad were purchased by institutional investor entities buying at least 10 homes. According to the analysis, a total of 743 homes sold by the two iBuyers companies that buy directly from homeowners via all-cash offers were purchased by institutional investors so far in 2018, representing 9.6 percent of all sales by those two iBuyers combined. That is up from 293 institutional investor purchases representing 6.6 percent of the iBuyer sales in 2017, and 65 institutional investor purchases representing 3.9 percent of the iBuyer sales in 2016.